Equities analysis analysts anticipate Regeneron Prescription drugs, Inc. (NASDAQ:REGN) to announce $3.86 billion in gross sales for the present fiscal quarter, Zacks stories. Eight analysts have issued estimates for Regeneron Prescription drugs’ earnings. The very best gross sales estimate is $5.07 billion and the bottom is $2.61 billion. Regeneron Prescription drugs reported gross sales of $1.95 billion in the identical quarter final 12 months, which signifies a constructive 12 months over 12 months development charge of 97.9%. The enterprise is predicted to report its subsequent quarterly earnings report earlier than the market opens on Thursday, August fifth.
On common, analysts anticipate that Regeneron Prescription drugs will report full-year gross sales of $12.18 billion for the present monetary 12 months, with estimates starting from $10.87 billion to $13.68 billion. For the following 12 months, analysts anticipate that the corporate will report gross sales of $11.38 billion, with estimates starting from $10.73 billion to $12.74 billion. Zacks Funding Analysis’s gross sales averages are a imply common primarily based on a survey of analysts that that present protection for Regeneron Prescription drugs.
Regeneron Prescription drugs (NASDAQ:REGN) final introduced its quarterly earnings outcomes on Thursday, Might sixth. The biopharmaceutical firm reported $9.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $7.78 by $2.11. Regeneron Prescription drugs had a web margin of 43.53% and a return on fairness of 35.43%. The enterprise had income of $2.53 billion through the quarter, in comparison with the consensus estimate of $2.69 billion. Throughout the identical quarter final 12 months, the agency earned $6.60 EPS. The enterprise’s income was up 38.3% in comparison with the identical quarter final 12 months.
Plenty of equities analysts have lately weighed in on the corporate. SVB Leerink lowered their worth goal on Regeneron Prescription drugs from $657.00 to $641.00 and set an “outperform” score for the corporate in a report on Friday, Might seventh. Canaccord Genuity reaffirmed a “purchase” score on shares of Regeneron Prescription drugs in a analysis notice on Tuesday, April thirteenth. Benchmark boosted their worth goal on shares of Regeneron Prescription drugs from $590.00 to $636.00 and gave the corporate a “purchase” score in a analysis notice on Thursday, July eighth. Robert W. Baird reaffirmed a “maintain” score on shares of Regeneron Prescription drugs in a analysis report on Tuesday, April thirteenth. Lastly, Morgan Stanley lifted their goal worth on shares of Regeneron Prescription drugs from $477.00 to $495.00 and gave the corporate an “equal weight” score in a report on Friday, Might seventh. 5 analysis analysts have rated the inventory with a maintain score and twelve have assigned a purchase score to the corporate’s inventory. Regeneron Prescription drugs has a consensus score of “Purchase” and a median goal worth of $654.89.
REGN stock opened at $581.01 on Wednesday. Regeneron Prescription drugs has a 52-week low of $441.00 and a 52-week excessive of $660.00. The corporate has a debt-to-equity ratio of 0.17, a fast ratio of two.45 and a present ratio of three.12. The agency has a market capitalization of $61.90 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 0.69 and a beta of 0.19. The inventory’s fifty day easy shifting common is $544.09.
In associated information, EVP Joseph J. Larosa bought 3,398 shares of Regeneron Prescription drugs inventory in a transaction on Tuesday, July sixth. The shares had been bought at a median worth of $580.00, for a complete transaction of $1,970,840.00. Following the sale, the manager vice chairman now immediately owns 23,182 shares within the firm, valued at roughly $13,445,560. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which is obtainable by this hyperlink. Additionally, EVP Marion Mccourt bought 1,000 shares of the corporate’s inventory in a transaction on Friday, Might seventh. The shares had been bought at a median worth of $495.63, for a complete transaction of $495,630.00. Following the completion of the transaction, the manager vice chairman now owns 18,038 shares of the corporate’s inventory, valued at roughly $8,940,173.94. The disclosure for this sale could be discovered here. Within the final quarter, insiders have bought 86,682 shares of firm inventory valued at $46,831,512. Insiders personal 10.76% of the corporate’s inventory.
A number of institutional buyers have lately purchased and bought shares of the corporate. Greenwich Wealth Administration LLC grew its stake in Regeneron Prescription drugs by 0.4% through the 2nd quarter. Greenwich Wealth Administration LLC now owns 16,238 shares of the biopharmaceutical firm’s inventory price $9,070,000 after shopping for an extra 59 shares over the last quarter. Seven Springs Wealth Group LLC bought a brand new stake in Regeneron Prescription drugs within the second quarter valued at roughly $462,000. Deroy & Devereaux Personal Funding Counsel Inc. acquired a brand new stake in shares of Regeneron Prescription drugs within the second quarter valued at roughly $229,000. Lindbrook Capital LLC grew its place in shares of Regeneron Prescription drugs by 6.1% through the second quarter. Lindbrook Capital LLC now owns 891 shares of the biopharmaceutical firm’s inventory price $498,000 after buying an extra 51 shares over the last quarter. Lastly, Harel Insurance coverage Investments & Monetary Providers Ltd. elevated its holdings in shares of Regeneron Prescription drugs by 98.3% within the 2nd quarter. Harel Insurance coverage Investments & Monetary Providers Ltd. now owns 2,233 shares of the biopharmaceutical firm’s inventory valued at $4,066,000 after buying an extra 1,107 shares through the interval. 82.90% of the inventory is owned by institutional buyers and hedge funds.
About Regeneron Prescription drugs
Regeneron Prescription drugs, Inc discovers, invents, develops, manufactures, and commercializes medicines for treating numerous medical situations worldwide. The corporate’s merchandise embrace EYLEA injection to deal with moist age-related macular degeneration and diabetic macular edema; myopic choroidal neovascularization; and diabetic retinopathy, in addition to macular edema following retinal vein occlusion, together with macular edema following central retinal vein occlusion and macular edema following department retinal vein occlusion.
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